Program Spotlight – Unemployment

Whether you’re living paycheck to paycheck or making enough to save comfortably, there’s something that can stop anyone in their tracks – losing their job. Finding yourself unemployed can quickly change your financial situation and make it hard to meet your financial obligations. 

When SaverLife member Tori T. unexpectedly lost her job, she was unemployed for three months and had to use most of her savings to cover expenses. “When I was unemployed last year, I had to live off my savings. It helps me budget more. I’m more disciplined in savings when I have a concrete goal.”

If you find yourself in a situation where you or a loved one has lost a job, know you’re not alone. We’re here to help you navigate the support systems and programs available to help you through this situation.  

In this program spotlight, we’ll look at the unemployment program, what it offers, who is eligible, how to apply, and how to maintain eligibility. 

What does the program offer?

Unemployment provides cash benefits to individuals who have become unemployed through no fault of their own. In addition to becoming unemployed through no fault of their own, individuals must meet other eligibility requirements. 

The amount of the cash benefit provided and the duration you can receive benefits will vary by state as unemployment is a joint federal and state program with specific benefits being determined at the state level.

Who is eligible for the program?

To be eligible for unemployment benefits, there are three areas you must qualify in:

• You must be unemployed through no fault of your own. This typically means you must be separated from your job due to a lack of available work. 
• You must meet your state’s work and wage requirements. You must meet these requirements for the “base period” which, in most states, means you’ve worked for four out of the last five calendar quarters before you file for benefits. 
• You must meet state-specific requirements. To see full eligibility requirements for your state, click here.

How do you apply?

It’s important when applying for unemployment to apply in the state in which you were working. If you worked in a state where you don’t live or worked in multiple states, your local unemployment office will be able to help you determine where to apply. 

When you apply you’ll be asked for certain information like the employment dates and addresses of former employers. It’s important to ensure this information is accurate when you submit to be sure there is no delay in receiving your benefits. 

It’s also good to know it can take two to three weeks after filing to receive your first benefits check. 

Contact your state’s unemployment office to learn more about eligibility requirements and application procedures.

How do I maintain my eligibility? 

Maintaining eligibility for unemployment is state-specific. Some of the requirements may include activity looking for work, being willing to take work that’s offered, and information on any work that you have received. 

Be sure to keep accurate records of job applications, job offers, trainings attended, and any income you earn. You’ll have to supply this information periodically (weekly, bi-weekly, etc.) to your state. 

When you apply for unemployment benefits ask questions about maintaining your eligibility, so you understand the reporting requirements up front. It’s important to follow all instructions you’re given to maintain your eligibility.